Iron ore prices went up on Wednesday November 3 with support from the demand in low-grade fines, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $100.10 per tonne, up by $4.33 per tonne
62% Fe low-alumina fines, cfr Qingdao: $101.70 per tonne, up by $5.03 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $76.15 per tonne, up by $8.45 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $117.40 per tonne, up by $3.50 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1900 per dry metric tonne unit (dmtu), down by $0.0350 per dmtu
62% Fe fines, fot Qingdao: 709 yuan ($111) per wet metric tonne (implied
62% Fe China Port Price: $101.73 per dry tonne), down by 1 yuan per wmt
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) fluctuated...